Nearly two dozen states sued the Trump administration Tuesday over its rollback of ownership reporting requirements for corporate entities, arguing the move constitutes an illegal, unilateral repeal of an anti-financial crime law that Congress enacted.
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WEDNESDAY, OCTOBER 28, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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AGs Sue To Block Treasury Rule Ending Shell Co. Reporting

By Jon Hill and Craig Clough

Nearly two dozen states sued the Trump administration Tuesday over its rollback of ownership reporting requirements for corporate entities, arguing the move constitutes an illegal, unilateral repeal of an anti-financial crime law that Congress enacted.

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Ex-Worker Sues M&T Bank Over 401(k) Fund In New Jersey

By Kellie Mejdrich

An ex-worker hit M&T Bank with a proposed class action in New Jersey federal court, alleging that an underperforming investment fund in the bank's employee 401(k) plan cost workers tens of millions in future savings, breaching fiduciary duties under federal benefits law. 

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Carmaker FCA Inks $5M Deal To Settle Jeep Hybrid Defect Suit

By Dorothy Atkins

FCA US LLC has agreed to pay up to $5 million to resolve proposed class claims alleging it sold Jeep Wrangler plug-in hybrid vehicles with a defect that renders electric driving unavailable, while class counsel plans to seek an additional $2 million in fees, costs, expenses and incentive awards.

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New Jersey Says DuPont Deal Bars Town's $1B PFAS Claims

By George Woolston

The New Jersey Department of Environmental Protection backed various DuPont entities' bid to toss the remaining claims in a municipality's $1 billion lawsuit over forever chemical contamination stemming from a longtime DuPont facility, arguing that a landmark settlement the state reached earlier this year bars the claims.

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Singapore Fintech Hit With Suit Over 'Illegal Activity' In China

By Katryna Perera

An investor is suing UP Fintech Holding Ltd. in New Jersey federal court, alleging the fintech company and its top brass misrepresented and understated its legal and regulatory risk "as a result of continued illegal activity in China."

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NJ Courts Office Says City Was Former Judge's Employer

By George Woolston

The New Jersey Administrative Office of the Courts urged a state court to toss a former municipal judge's retaliation claims, arguing that the office is not the judge's employer and that his suit lacks facts to support the claims.

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LITIGATION

​​​​​​​Drugmakers Seek To Bar 'Big Pharma' Label In Price-Fix Trial

By Mark Payne

A group of generic-drug makers facing price-fixing claims brought by dozens of state attorneys general asked a Connecticut federal judge to bar or limit the use of terms like "Big Pharma" or "rising costs of pharmaceuticals and healthcare" in next year's trial.

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Judge Won't Undo USPTO Denial Of Cancer Drug IP Extension

By Adam Lidgett

A New Jersey federal judge has upheld the U.S. Patent and Trademark Office's refusal to extend the life of a pair of patents on a cancer drug, rejecting a challenge from the patent owner that claimed the loss of exclusivity would cost it more than $1 billion.

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Healthcare In Court

Courts Take On Lilly GLP-1 Ads, J&J Mesothelioma Trial, More

By Gianna Ferrarin

Law360 Healthcare Authority looks at a Novo Nordisk loss in its challenge to Eli Lilly's GLP-1 advertising, an Ohio verdict in wrongful death litigation over Johnson & Johnson's talc baby powder and other legal news from the past week.

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EXPERT ANALYSIS

Open Issues After 2nd Circ.'s Airport Phone Search Ruling

While the Second Circuit’s recent U.S. v. Alisigwe decision confirms border agents' broad authority to conduct routine manual cellphone searches at ports of entry, significant questions remain about more wide-ranging forensic searches at the border, say attorneys at Baker Botts.

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LEGAL INDUSTRY

At 4th Circ., DOJ Admits But Downplays Goldstein Trial Errors

By Jeff Overley

The U.S. Department of Justice late Tuesday acknowledged that it confused key statutory terms related to jury instructions at famed appellate advocate Tom Goldstein's criminal trial, while also insisting "the government's mistake here was understandable" and shouldn't upend a jury's guilty verdict.

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Brief

Fenwick & West To Match $235K Salary Scale For Associates

By Tracey Read

Fenwick & West LLP is reportedly the latest firm that will raise associate pay in the new year.

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Ex-Fla. Bar Prez Accused Of Botching $350M Estate Claim

By Carolina Bolado

The widow of a Miami real estate investor is suing a former president of the Florida Bar for malpractice, claiming his botched representation left her without a claim to her late husband's $350 million estate.

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Analysis

3 Federal Circuit Clashes To Watch In November

By Ryan Davis

A high-stakes case that will determine whether the U.S. government should face patent infringement claims over Moderna's COVID-19 vaccines and Labcorp's appeal of a nine-figure patent verdict against it are among the arguments the Federal Circuit will hear in November.

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4th Circ. Says W.Va. Daniel's Law Is Unconstitutional

By Rose Krebs

The Fourth Circuit on Tuesday affirmed a district court determination striking down as unconstitutional West Virginia's law restricting the publication of the home addresses and phone numbers of law enforcement and judicial officials, saying the district court applied "well-established" First Amendment principles.

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LAW FIRMS IN TODAY'S NEWS

Baker Botts

Ballard Spahr

Brown & Connery

Bryan Cave Leighton Paisner

Bursor & Fisher

Carella Byrne

Choate Hall

Cooley LLP

DLA Piper

Dema Law

Eckert Seamans

Fenwick & West

Flaherty Sensabaugh

Gustafson Gluek

Harris Beach Murtha

Hogan Lovells

Javerbaum Wurgaft

Kelley Drye

Klein Thomas

Latham & Watkins

Lewis Brisbois

McCarter & English

McDermott Will & Schulte

Meyner & Landis

Migliaccio & Rathod

Milbank LLP

Milberg PLLC

Morgan Lewis

Norris McLaughlin

O'Toole & O'Toole

Ropes & Gray

Rosen Law Firm PA

Sanchez-Medina Gonzalez

Scott Hirsch Law Group

Shuman McCuskey

Spilman Thomas

Wiggin & Dana

deLeeuw Law

COMPANIES IN TODAY'S NEWS

3M Co.

Above the Law

Allergan PLC

Arbutus Biopharma Corp.

Aurobindo Pharma Ltd.

Avon Products Inc.

Bausch Health Cos. Inc.

DuPont de Nemours Inc.

Eli Lilly & Co.

FCA US LLC

Fougera Pharmaceuticals Inc.

Gelman, Rosenberg & Freedman

Gilead Sciences Inc.

Glenmark Pharmaceuticals Ltd.

Global Logistic Properties Ltd.

Johnson & Johnson

Labcorp Holdings Inc.

Lannett Company, Inc

LexisNexis Legal & Professional

LexisNexis Risk Solutions Inc.

M&T Bank Corp.

Mallinckrodt PLC

Medytox Inc.

Moderna Inc.

Novo Nordisk A S

Paypal Holdings Inc.

Perrigo Co. PLC

RELX PLC

Sandoz International GmbH

Stellantis NV

T. Rowe Price Group Inc.

Taiho Oncology Inc.

Taiho Pharmaceutical Co. Ltd.

Teva Pharmaceutical Industries Ltd.

The Chemours Co.

The Florida Bar

Thomson Reuters Corp.

Thryv Inc.

Venmo LLC

Viatris Inc.

Whitepages Consumer Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Crimes Enforcement Network

Food and Drug Administration

Internal Revenue Service

International Trade Commission

New Jersey Department of Environmental Protection

New Jersey Supreme Court

Oregon Attorney General's Office

Texas Attorney General's Office

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Customs and Border Protection

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Delaware

U.S. District Court for the District of Maryland

U.S. District Court for the District of New Jersey

U.S. District Court for the District of Oregon

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Texas

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court